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Get A Fresh Start Through Bankruptcy
If you are struggling with debt as a Tennessee consumer, you might wonder whether filing for bankruptcy is the right choice. Before you decide, it can be helpful to understand the difference in Chapter 7 and Chapter 13 bankruptcy so that you will know what to expect...
Memphis residents who are thinking about filing for bankruptcy have several key decisions to make. However, the biggest decision may be whether to file for Chapter 7 or Chapter 13 protection. Let's take a look at the key differences between these two options and how...
Many people and businesses in Tennessee consider bankruptcy as a last resort when they are drowning in debt. Though it damages your credit score for a few years, it gives you the opportunity to clear your debts and start a new or reorganize your business. However, the...
Memphis consumers who become overwhelmed by debt often wait a long time to file for bankruptcy. It’s common for people to take on more debt to repay existing obligations and even let some of their accounts go into collections before they seek help. The result of these...
Bankruptcy in Memphis is a legal process to remove certain unsecured debts, such as credit cards and medical bills. However, it gets a bad reputation from the many myths that still exist. Myth: Consumers lose everything Many consumers file Chapter 7 bankruptcy, which...
People in Tennessee that are having serious problems managing their debt may decide to file for personal bankruptcy. Chapter 7 bankruptcy may wipe out most of a debtor’s consumer debts so that they can get a fresh start. However, the bankruptcy court will only approve...
Filing for bankruptcy in Tennessee can help you protect your assets or get back others that you've lost. If you need time to organize money to pay back your car loan, a bankruptcy might help, but it depends on the situation. Wait for terms of redemption Anytime a lien...
For months now, your financial issues made it hard to climb out of an ever-present quagmire. You may file for bankruptcy, but before that, you must ensure you and your family remain in your home. Bankrate offers suggestions for catching up on your home loan. Use their...
Filing for bankruptcy can be a difficult decision for many Memphis-area residents, and especially when part of the household income is Social Security benefits. There are many people in the region who are apprehensive about actually filing for protection from...
A Chapter 7 bankruptcy may not require you to give up your vehicle, even while paying off a car loan. As noted by Experian.com, you may continue financing your vehicle if its equity does not exceed Tennessee's wildcard exemption. Tennessee generally allows Chapter 7...